If ever there was a time when your employees will want to switch jobs, now is the time. With coronavirus having shut down many businesses, employees may be getting desperate to find an income if they are not actively working for you. If you have not been able to secure money to keep them on the payroll, it may also cause some to jump ship. Knowing how to keep employees happy will help them to want to stay with you.
Employees today want more from their employers than just having a job with good pay – although that is a good start. They also want some job security. Going beyond providing these two things can help you retain employees after the coronavirus crisis is over and when there are more jobs to choose from. Of course, if your employees have had to switch to working from home and are not accustomed to it, this could also give them a greater incentive to leave when they get a chance. In some cases, some employees would prefer working at home.
Staying in touch with your employees during this crisis will help them to be less stressful – even if they are not working. They will want to know everything about the job that they can learn and what you are doing to help them. Silence from you will only increase their fears and will have them looking for jobs elsewhere.
Hire the Best People
Your ability to select the best employees for an open position has a lot to do with whether they stay or not. You do not want to be quick to hire someone just to fill a position. Take time to learn more about them, their skills, interests, and personality. Contact their references. If you hire too quickly, you are likely to regret it later and may have difficulty getting rid of them when it becomes necessary. Time and money spent on training will also be wasted and you will need to do it again when a replacement is found.
Emphasize a Life-Work Balance
Employees have lives outside of the workplace. The outside responsibilities play a heavier part on employees today than it did with older generations. They need time to spend with their families, engage in personal interests, as well as having social interests, or just needing time to relax and destress. When employees do not get enough time in the other essential realms of life besides work, they tend to burnout. It will also lead to conflicts in the workplace and at home, as well as causing a decrease in performance.
Recognize Progress Made
Every employee likes to know where they stand in relation to the company they work for. Offering some constructive criticism from time to time will encourage them and it will let them know that you like how they have progressed. Along with it, you can show them areas that need improvement.
One of the best benefits that you can provide your employees is a health benefit. Medical costs are high today and many people can barely afford them. Your costs can be reduced by giving them a wellness program, too, and it will also reduce employee absenteeism and increase productivity. Another benefit sought after today which is becoming less popular is to offer a retirement account of some kind – either an IRA or 401(k) with matching funds. Vacation time is also an important benefit.
Develop Leadership Talent
Promising employees want to know that they could have a future with your company. Talk with them about how they can be promoted to higher positions in your company and lay out a career path for them. Providing leadership training for those in the career path will help prepare them for the day when promotion time comes. You also want to give them continuing education courses that will continue their development and increase their value to your company.